Maruti surges 5.1% as CLSA says stock can double in 3-yrs

Maruti Suzuki India Ltd surged 5.1 per cent to Rs 2,279.60 after CLSA says the stock price could double in three years in a bull scenario in which personal vehicle industry volume grows at a compounded annual growth rate of 20 per cent due to pent-up demand should the economic growth pick up.